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As an Executive Manager you will be responsible for overseeing and providing second line Compliance support to General Insurance (including Lenders Mortgage Insurance) businesses within the Consumer & Business Banking Division of the Westpac Group. Compliance provides high quality advice on all compliance-related issues, including strategic regulatory insight. We are Risk specialists, and provide independent oversight, insight and control as part of our Second Line of Defence accountabilities.
Your responsibilities are but not limited to;
- Providing expert advisory Second Line compliance support and effective oversight and challenge to the Line of Business.
- Overseeing and co-ordinating the Compliance response to change in the distribution channels, including support for regulatory change, Group Compliance policy change, and key business projects.
- Engaging in regulatory change to understand and interpret implications for the relevant business units on behalf of the team including attending external industry forums where relevant.
- Executing the Compliance functional agenda as it relates to the portfolio, including supporting compliance plan development; assessing compliance risks; rolling out policy change; supporting regulatory change and agreeing associated action plans; supporting and developing best-in-class Second Line of defence monitoring.
- Performing and reviewing compliance assessments of incidents and associated breach assessment and reporting; assess and advise on issue management and remediation plans and attend and present at the Regulatory Determination Forum, as required.
- Reviewing and advising on business projects and key changes. Provide leadership and advice on regulatory based change initiatives.
- Develop strong relationships with business partners, supporting the overall business agenda, whilst maintaining necessary functional independence.
- Be effective and proactive in spotting and identifying and shaping issues including in governance forums such as Risk Committees, Steering Committees and management meetings.
- Work closely within the Consumer & Business Baking Compliance Leadership team to develop proactive ideas and ensure consistency of approach with other business units.
- Support regulator communications and interactions, primarily with including APRA, ASIC and OAIC, as required.
You'll play an important and significant part in the future of a business that has been around for 200 years and be instrumental in achieving our purpose of helping Australians and New Zealanders succeed. So, we'll back you in the development of your career, with internal career prospects and flexible working. You'll also be backed by a fantastic team of people in a can-do, supportive structure.
What do I need?
The ideal candidate will have 12+ years financial services industry, with a broad understanding of the General Insurance and Compliance environment with experience in managing compliance risks in a large financial services business. Professional qualifications are preferred and tertiary qualifications in a business-related discipline are desirable.
A strong understanding of Prudential Requirements relating to General Insurance, including GPS series Prudential Standards, CPS series, Insurance Act, Insurance Contracts Act and of relevant laws and regulations underpinning the Insurance business, including the Corporations Act and have an understanding Insurance Act, Insurance Contracts Act, RG146, RG104, RG105, RG165, Privacy laws and Conflicts of Interest.
You will have demonstrated experience in developing strong stakeholder relationships both internally and externally with an ability to influence and to be persuasive as well as be open and flexible. Be able to operate effectively in a changing environment, take on new initiatives, see opportunities with enthusiasm and positivity and possess strong prioritisation skills.
Your excellent professional and commercial judgement, problem-solving skills, strong customer focus, courageous and resilient attitude, will see you succeed in this role.
What's it like to work there?
We aim to provide one big, supportive team of people who love helping others succeed. As an equal opportunity employer, we're proud to have created a culture and work environment that values diversity and flexibility. An equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility - and champions inclusion.
How do I Apply?
Start here. Just click on the APPLY button.
As part of our commitment to creating a diverse and inclusive workplace, this role is open to experienced candidates seeking a discussion around workplace flexibility. We invite candidates of all ages, people with a disability and Indigenous Australians to apply.
Our people are our highest priority and we are committed to placing our redeployees in available roles before we review other applicants.
The health and wellbeing of our employees is our top priority, we've developed clear standards to ensure our people are confident, safe and healthy whether they are working from a Westpac Group site or working from home. These are based on expert medical advice and Safe Work Australia guidelines.
